Aug 24, 2009 5:00am EDT
in proportion to their economy are doing the best right now. look at india. it's growing. look at the companies that have increased their spending. united states as a percent of g.d.p. they are still shrinking. it's not about helping the economy. it's about redistributing wealth. you don't have to just impact companies or alter the can i of companies that have received tarp money because pay is competitive. if a bank has received tarp money has gotten a cut. >> the thing that bothers me most about this whole pay czar statement is where he says i have the discretion. the concept of the czar is fundamentally at odds with the constitution of the american people. >> there are regulations that have been promulgated. they are gite clearly delineated. he can say what he wants but he does not have unlimited discretion here. one of the things he has to take into account is retaining people at these companies. the market value of those employees. >> i'm not worried about feinberg. i'm worried about another pay czar. nancy pelosi. what if she raises taxes on people making more than $100,000. that's scary.
Aug 8, 2009 11:00am EDT
compete, against china an india, where vinyl and labor laws are virtually nonexistent, government needs to help, not make things harder. that requires tough choices, and the golden -- in the golden state as well as washington. in los angeles, william lajeunesse, fox news. >> jamie: that is the story in california. what about on a national scale? critics of cap-and-trade are pointing to a new study from the energy department, a federal report, and it says the democrats bill will lead to job losses, especially manufacturing. indiana republican congressman dan burton is joining me now. from indianapolis. congressman, good to see you, thanks for being with us. >> thanks, nice being with you. >> jamie: let me ask you about cap-and-trade and the fact the president insists there will be so many jobs, green jobs, mostly, but this study says in fact there will be no more jobs as a result of the legislation than there would have been anyway. what is your interpretation of the report. >> well, you know, jamie, spain has tried this already, and for every job, new job created that would help the env